Global Sleeping Aids Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : HealthcarePublished Date : March 29th, 2018
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The global sleeping aids market is expected to increase from USD 6.8 billion in 2017 to USD 10.9 billion in 2024, at a CAGR of 6.8% from 2018 to 2024. The growth in the sleeping aids market is attributed to the rising incidences of sleep disorders across the globe. Moreover, growing awareness regarding the therapies for sleep disorders is also driving the growth in the sleeping aids market.  The years used for the assessment are as follows;

  • Historical year: 2015,2016
  • Base year            : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share.
  • Analyzing the collected data points
  • Bridging the data points to calculate the total sleeping aids market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global sleeping aids market
  • Finalizing the overall size and share of the global sleeping aids market 

OBJECTIVES: 

  • To classify global sleeping aids market into segments on the basis of product, sleep disorder, and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers, and restraints associated with the global sleeping aids market
  •  Profiling key companies operating in the global sleeping aids market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for sleeping sids market is as follows:

By Product 

  • Medications
  • Sleep Apnea Devices
  • Sleep Laboratory Services
  • Others

By Sleep Disorder

  • Insomnia
  • Sleep Apnea
  • Narcolepsy
  • Restless leg syndrome
  • Sleep Walking
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World(RoW)

The global sleeping aids market is expected to increase from USD 6.8 billion in 2017 to USD 10.9 billion in 2024, at a CAGR of 6.8% from 2018 to 2024. The growth in the sleeping aids market is attributed to the rising incidences of sleep disorders across the globe. Moreover, growing awareness regarding the therapies for sleep disorders is also driving the growth in the sleeping aids market. However, concerns regarding the side effects of sleep medications may hamper the market growth to some extent.

Based on the product, sleep apnea devices  is projected to be the fastest growing segment during the forecast period owing to technological advancements. On the basis of sleep disorder, the insomnia segment held the largest share of the global sleeping aids market in 2017 and is expected to retain its dominance during the forecast period.

North America held the major share of the sleeping aids market in 2017 and is projected to retain its dominance during 2018-2024. The growth in the region is mainly driven by rising incidences of sleep disorders. The Asia-pacific region is projected to grow at the highest CAGR during the forecast period due to growing old age population in the region.

The key players dealing in sleeping aids market are Merck & Co. Inc., Sanofi, Pfizer Inc., GlaxoSmithKline Plc, SleepMed Inc., Jazz Pharmaceuticals plc, Cadwell Industries, Inc., Natus Medical Incorporated, Drive Medical Ltd., Compumedics, among others

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Product

1.2.2. Market Breakdown, By Sleep Disorder

1.2.3. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Sources

1.5. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

   2.2.1.1. Demand for products and services that support better sleep

2.2.2. Trends

   2.2.2.1. Growth of sleep clinics and sleep spas

  2.2.2.2. Increase in usage of wearable trackers and monitors

2.2.3. Growth Drivers

    2.2.3.1. Rising incidences of sleep disorders across the globe

   2.2.3.2. Growing awareness regarding the therapies for sleep disorders

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

  2.2.5.1. Concerns regarding the side effects of sleep medications

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTEL Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Sleeping Aid Market Size and Forecast (2014 – 2024)

4.1. Global Sleeping Aid Market, By Product

4.1.1. Medications

4.1.2. Sleep Apnea Devices

4.1.3. Sleep Laboratory Services

4.1.4. Others

4.2. Global Sleeping Aid Market, By Sleep Disorder

4.2.1. Insomnia

4.2.2. Sleep Apnea

4.2.3. Narcolepsy

4.2.4. Restless leg syndrome

4.2.5. Sleep Walking

4.2.6. Others

4.3. Global Sleeping Aid Market, By Region

4.3.1. North America

4.3.2. Europe

4.3.3. Asia-Pacific

4.3.4. Rest of the World(RoW)

CHAPTER 5. Global Sleeping Aid Market, By Geography

5.1. North America Sleeping Aid Market

5.1.1. North America Sleeping Aid Market, By Product ($ Million )

5.1.2. North America Sleeping Aid Market, By Sleep Disorder ($ Million )

5.1.3. North America Sleeping Aid Market, By Country

  5.1.3.1. U.S Sleeping Aid Market Size ($ Million )

  5.1.3.2. Rest of North America Sleeping Aid Market Size ($ Million )

5.2. Europe Sleeping Aid Market

5.2.1. Europe Sleeping Aid Market, By Product ($ Million )

5.2.2. Europe Sleeping Aid Market, By Sleep Disorder ($ Million )

5.2.3. Europe Sleeping Aid Market, By Country

  5.2.3.1. Germany Sleeping Aid Market Size($ Million)

  5.2.3.2. France Sleeping Aid Market Size($ Million)

  5.2.3.3. U.K Sleeping Aid Market Size($ Million)

  5.2.3.4. Rest of Europe Sleeping Aid Market Size($ Million)

5.3. Asia-Pacific Sleeping Aid Market

5.3.1. Asia-Pacific Sleeping Aid Market, By Product($ Million )

5.3.2. Asia-Pacific Sleeping Aid Market, By Sleep Disorder ($ Million )

5.3.3. Asia-Pacific Sleeping Aid Market, By Country

  5.3.3.1. China Sleeping Aid Market Size ($ Million)

  5.3.3.2. Japan Sleeping Aid Market Size ($ Million)

  5.3.3.3. India Sleeping Aid Market Size ($ Million)

  5.3.3.4. Australia Sleeping Aid Market Size ($ Million)

  5.3.3.5. Rest of Asia-Pacific Sleeping Aid Market Size ($ Million)

5.4. Rest of the World(RoW) Sleeping Aid Market

5.4.1. Rest of the World Sleeping Aid Market, By Product ($ Million )

5.4.2. Rest of the World Sleeping Aid Market, By Sleep Disorder ($ Million )

5.4.3. Rest of the World Sleeping Aid Market, By Country

  5.4.3.1. Brazil Sleeping Aid Market Size($ Million )

  5.4.3.2. Rest of RoW Sleeping Aid Market Size($ Million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Merck & Co. Inc.

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. SWOT Analysis

6.1.5. Strategic Developments

6.2. Sanofi

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. SWOT Analysis

6.2.5. Strategic Developments

6.3. Pfizer Inc.

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. SWOT Analysis

6.3.5. Strategic Developments

6.4. GlaxoSmithKline Plc

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. SWOT Analysis

6.4.5. Strategic Developments

6.5. SleepMed Inc.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. SWOT Analysis

6.5.5. Strategic Developments

6.6. Jazz Pharmaceuticals plc

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. SWOT Analysis

6.6.5. Strategic Developments

6.7. Cadwell Industries, Inc.

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. SWOT Analysis

6.7.5. Strategic Developments

6.8. Natus Medical Incorporated

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. SWOT Analysis

6.8.5. Strategic Developments

6.9. Drive Medical Ltd.

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. SWOT Analysis

6.9.5. Strategic Developments

6.10. Compumedics

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. SWOT Analysis

6.10.5. Strategic Developments

6.11. Abbreviations

Global Sleeping Aids Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2024